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As of 31-Dec-2022, promoters held 63.97 per cent stake in the company, while FIIs held 9.97 per cent and domestic institutional investors had 10.87 per cent.

The Relative Strength Index of the stock stood at 37.17 on Wednesday.

The stock is trading near overbought levels; hence, some pullback could be on the cards. The Relative Strength Index (RSI) is at 69.9. RSI below 30 is considered oversold and above 70 is considered overbought.

The stock quoted a 52-week high price of Rs 840.05 and a 52-week low of Rs 557.0.

“We will be maintaining 20-25% EBIT margin from project business by the end of the financial year. We are working with the ministry on the issue of 7% royalty for sharing infrastructure and we expect to close this issue shortly. But there is nothing which I can say right now. We are working out modalities on that.”

The stock traded at a P/E multiple of 34.32, while the price-to-book value ratio stood at 2.96.

A total of 8,562 shares changed hands on the counter till 02:03PM (IST)

The stock quoted a 52-week high price of Rs 308.65 and a 52-week low of Rs 200.5.

“While the structural argument for India remains intact, the bigger challenge for equities is really coming from the fact that for the first time in more than a decade, bonds are starting to figure in asset allocation plans of any asset allocator be it a global asset allocator or an asset allocator sitting in any geography. ”

A total of 8,671 shares changed hands on the counter till 12:19PM (IST).